6-Unit Multifamily in Weslaco, TX
TX · listed Mar 5, 2025 (602 days)
▼ Reduced 2% on Oct 12, 2026, was $245,000
- $/unit
- $40,000
- ▼ 57% vs TX · 9th pct
- Cap rate
- —
- Gross yield
- —
- Units
- 6
- 3 bldg · 1948
Financials
- Asking price
- $240,000
- Price per unit
- $40,000
- Price per sq ft
- $72
- Gross rent / year
- Not stated
- Net operating income
- Not stated
- NOI per unit
- Not stated
- Cap rate
- Not stated
- Gross yield
- Not stated
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 6
- Unit mix
- Not stated
- Buildings
- 3
- Year built
- 1948
- Building size
- 3,318 sq ft
- Avg unit size
- 553 sq ft
- Lot size
- 0.14 acres
- Condition
- Value-add
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Mar 5, 2025
- Days on market
- 602 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Oct 12, 2026: $245K → $240K
- Location
- Approximate (~0.5 mi)
- Listing #
- 2185
About this property
SHORT SALE APPROVED AT 240K!!! Great Deal! 6-unit income-producing property in the heart of Weslaco offered at a compelling price point. The property features six separate electric meters and one water meter, with current income in place and consistent occupancy. The asset consists of three buildings with a mix of unit types, offering flexibility for rental strategies. Units have undergone ongoing maintenance and updates, providing functionality for today’s renters along with additional upside potential through continued improvements. Centrally located in a downtown area, the property offers convenient access to schools, shopping, and major roadways, making it attractive for tenants. Pricing reflects the short sale process and presents an opportunity for investors seeking long-term potential. Showings are by appointment only due to occupancy.
Multifamily | 6 Units
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
| Weslaco, TX Owner financing | $1.4M | $70K$70K | — |
▼ 4% cutStabilized | $1.15M | $68K$68K | — |
| $685K | $114K$114K | — | |
| Weslaco, TX Owner financing | $1.4M | $70K$70K | — |
Weslaco, TX | $449K | $64K$64K | — |
| $725K | $56K$56K | — |
